United States - May 2007

2007-05-26 15:34:24 · 9 answers · asked by Joe Smith 1

2007-05-26 14:41:15 · 14 answers · asked by unknown 4

So yeah my soon to be ex- wife makes 3 times the amount i do, we filed taxes jointly at first, with out my knowledge she claimed outreagous deductions and now we have to pay for it. The debt is 30,000, i dont have that kind of money, hence why im filing bankruptcy because off all the stupid mistakes i did when i was married to her. So if i do file bankruptcy i know i can't get out of the IRS debt like that, so will the debt be split down the middle? Or will one of us be held more responsible then the other?
I constantly argue with her that she is responsible (although i know we both are) for that IRS debt, she so called says that shes making 2,000 payments a month. When not to long ago i got a letter in the mail saying about a recent audit and again i spoke to her and claims that she's making payments.

2007-05-26 12:49:47 · 7 answers · asked by Anonymous

2007-05-26 11:31:23 · 4 answers · asked by onehumblekat 1

Last year sometime I went to the state board of equalization and got a sellers permit. When tax time came around I filed and I guess I didn't include that information properly. I didn't use the sellers permit at all. I recieved a notice saying that I need to report that on my tax. I filed my taxes online. How do I go back on the website I used to file and report it on my file? I don't know what section to report it on. The amount will be $0 because I never used it. Can some one tell me how to go back online and report this or make the correction? I would really appreciate it. Thank you so much.

2007-05-26 11:21:44 · 1 answers · asked by JC 2

This is yet another post I am making about one of my favorite topics, investing. We know that a traditional IRA is tax deferred yet will have taxes paid on it during retirement. A Roth IRA grows tax free and has tax free withdrawals pending certain conditions met. But why a traditional? There are some that argue that taxes are going up, which is probably true. Personally, I like both types of IRAs. With a Roth, you pay current income tax on contributions that have not even made any earnings yet. That alone will tend me to favor tax deferred traditional. A traditional IRA will earn more over time with the power of compounding without the hassles of annual taxes hitting it. Like I said before, why not get a low low paying job after you leave your main job so that you are now in a lower tax bracket? Instead of maybe 25% tax on withdrawals, now you will only pay 10-15%. See the difference? All that money has grown without annual taxes. Now pay as little as possible on earnings.

2007-05-26 11:17:45 · 1 answers · asked by Anonymous

Is this money that i get back when I file my taxes next year? Thanks for your help.

Lets say i dont request that any money be withheld, will I owe money instead when I file taxes?

2007-05-26 10:37:41 · 6 answers · asked by Crazy 6

I have been told that it is wise to save all invoices, receipts, bank statements, etc for 10 years in the event that I may be audited and have to produce said documents. After a search of the IRS' website, I found no official recommendations on how long to keep these documents. Anyone who has a background with taxes (i.e., you work for the IRS, you are a CPA, or you are a lawyer who deals with tax law) have any recommendations? Thanks.

2007-05-26 07:54:15 · 6 answers · asked by thetrexlers 1

I know there is a benefit to working in NH, but will I lose out by doing the reverse? Do I get to claim my MA taxes when I file? I have tried researching this, but to no avail.
Thanks to anyone in the same boat!

2007-05-26 05:38:07 · 3 answers · asked by Anonymous

2007-05-26 05:37:01 · 2 answers · asked by h2sut 1

2007-05-26 05:19:51 · 5 answers · asked by Anonymous

i went to irs.gov and i am still confused, PLEASE HELP ME! i worked at a crappy fast food place in high school for three years (02-05) and made about 3k each year. my own parents said do NOT file, i wouldn't get much back. they claimed me each year including this year. i'm i going to go to jail for not filing? why would my parents say no if it was required? please help. every damn week on tv , and even in my local area, some dipstick is getting arrested for tax evasion or failing to file income or some other crap........

2007-05-26 04:49:55 · 9 answers · asked by Anonymous

I am a single mom and will be starting a job soon. Is there a site I can go that will show what taxes will be taken out according to my gross pay and how much I claim?

2007-05-26 02:27:47 · 5 answers · asked by dawn_20062006 1

Now that I'm planning to return what state has the lowest sales tax?

2007-05-25 23:26:10 · 8 answers · asked by jojo j 2

2007-05-25 21:13:54 · 9 answers · asked by Anonymous

2007-05-25 20:24:11 · 16 answers · asked by kode3life 1

What happens when you owe the IRS, but continue to make payments to them? These are 941 payroll taxes and its about $65,000.00

2007-05-25 18:02:37 · 5 answers · asked by choicetx 2

I am going to be starting a new job soon and was trying to figure out how much income I could expect to have available to spend each month. I am going to be making 35K per year in Oklahoma. I only claim myself. I have heard that I would only have 20% taken out and be ok...? If someone could help I would appreciate it. Thanks!!

2007-05-25 16:24:58 · 4 answers · asked by ????? 1

sam want if I make $600 per week? how much do I keep exactly?

2007-05-25 14:53:39 · 2 answers · asked by Anonymous

This Lady lives in PA , said sents my wife filed taxes this year she was able to receive a grant for $4400.00, she sounded real shy or bashful .Does this sound like a scem???

2007-05-25 14:33:25 · 13 answers · asked by Rattrap 1

What all can a company driver for a transport company write off? What about if your an owner operator?

2007-05-25 13:25:53 · 5 answers · asked by yamahagirl 1

2007-05-25 11:53:42 · 3 answers · asked by Anonymous

Just wondering since on earth depending where you are income earned outside of the U.S. can be tax free atleast up until a certain amount is earned.

2007-05-25 10:43:52 · 5 answers · asked by Anonymous

If you make $40,000 a year, how much of this goes to the government for income taxes? I mean this being for a person that has no children (for the child tax credit), is single, and lives alone. My friend told me that the government get's half of this, which means you only really have $20,000 which can't be right. I know the point is to screw people, but I don't even think the government would go that low. Any help would be greatly appreciated.

2007-05-25 10:36:51 · 6 answers · asked by Funny Joey 1

2007-05-25 09:35:51 · 6 answers · asked by Asknushallreceive 1

2007-05-25 09:23:55 · 6 answers · asked by Anonymous

If I decide to deed this property to an associate and they decide to refinance the property I gave them, will their be questions raised later on if (by chance) I am audited by the IRS? I have made NO money off the property personally. but their is value in the home. By me not selling the home will that be a red flag to the IRS???

2007-05-25 09:16:22 · 2 answers · asked by ? 5

then would i not have to pay taxes on it?
is that illegal?

2007-05-25 09:06:44 · 4 answers · asked by ♥...........♥ 5

how much exactly is government taking away from your paycheck. I'm in MT.

2007-05-25 08:49:44 · 5 answers · asked by VIP 3

I work as an independent contractor doing computer tech support. I've never been paid before as a contractor so i'm not too sure about the whole tax thing. My main question is this. A few months back I got a federal tax ID for a business I wanted to start. Well would it be more financially benifical to me to have my employer pay me directly as an independent contractor or should he pay me under my company name and federal tax ID number?
Which one would give me more deductions?
Also what percentage would I want to deduct to cover taxes if I was in the $30K-$40K and $40K-$50K a yr pay range, being single, no assets, no property, 1 child not claiming as a dependent.

2007-05-25 08:33:09 · 5 answers · asked by wolphman007 2